HRM Property Assessment Notices Sent

Service Nova Scotia and Municipal Relations (to March 31, 2014)

January 16, 2006 1:20 PM

Assessment notices are in the mail today, Jan. 16, to 570,000 Nova Scotia property owners. In Halifax Regional Municipality, the total value of residential property assessments is almost $20.9 billion, an increase of more than 12 per cent from 2005. Commercial property assessments total $7.3 billion, an increase of 5.7 per cent.

"Municipalities use assessment information to determine their annual property tax rates," said Lloyd MacLellan, regional director of the central assessment office. "Property assessments reflect the real estate market of the past couple of years. The most common reason for an increase in a residential assessment is that the value of a property increased as a result of a strong real estate market. If someone has recently made renovations to their property, such as a new deck or garage, that will also contribute to a change in their property assessment."

Property assessments for 2006 are based on the market value of properties on Jan. 1, 2004. Property owners may appeal their 2006 property assessment if they believe that it is not a reasonable estimate of market value on Jan. 1, 2004. To appeal, they must fill out a form provided on the bottom of their assessment notice and return it to the regional assessment office no later than Monday, Feb. 6.

To help property owners get more information about their assessments, notices include a personal identification number along with their assessment account number. By entering this information on the assessment website, www.nsassessment.ca, owners can look up assessment information about their property. Those without Internet access can obtain this information and get their assessment questions answered by calling 1-800-667-5727.

"Assessment services staff welcome calls from property owners regarding their property assessments," said Mr. MacLellan. "We especially encourage property owners who are thinking about appealing their assessment to call us on our toll free number, so they can obtain more information."


FOR BROADCAST USE:

     Assessment notices are in the mail today (January 16th) to

570-thousand Nova Scotia property owners.

     In Halifax Regional Municipality, the total value of

residential property assessments is almost 20-point-nine billion

dollars, an increase of more than 12 per cent from 2005.

Commercial property assessments total seven-point-three billion

dollars, an increase of five-point-seven per cent.

     Municipalities use assessment information to determine their

annual property tax rates.

     Property owners may appeal their 2006 property assessment if

they believe that it is not a reasonable estimate of market value

on January 1st, 2004. To appeal, they must fill out a form

provided on the bottom of their assessment notice and return it

to the regional assessment office no later than February 6th.

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Media Contact: Lloyd MacLellan
              Central Assessment Region
              902-424-4516
              E-mail: maclellj@gov.ns.ca